Cost of Living Comparison Between Belize and Panama 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama are 0.1% lower than in Belize (without rent) | |
| Consumer Prices Including Rent in Panama are 17.0% higher than in Belize | |
| Rent Prices in Panama are 105.0% higher than in Belize | |
| Restaurant Prices in Panama are 44.7% higher than in Belize | |
| Groceries Prices in Panama are 0.6% higher than in Belize | |
| Local Purchasing Power in Panama is 34.7% lower than in Belize | |
Restaurants | Belize Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant | 7.00 $ | 10.00 $ | +42.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course | 29.40 $ | 60.00 $ | +104.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) | 7.45 $ | 8.00 $ | +7.4 % |
| Domestic Beer (1 pint draught) | 2.50 $ | 2.00 $ | -20.0 % |
| Imported Beer (12 oz small bottle) | 3.99 $ | 3.12 $ | -21.6 % |
| Cappuccino (regular) | 3.30 $ | 3.49 $ | +5.5 % |
| Coke/Pepsi (12 oz small bottle) | 1.26 $ | 1.57 $ | +24.8 % |
| Water (12 oz small bottle) | 0.86 $ | 1.22 $ | +42.0 % |
Markets | Belize Edit |
Panama Edit | |
| Milk (regular), (1 gallon) | 10.72 $ | 6.55 $ | -38.9 % |
| Loaf of Fresh White Bread (1 lb) | 1.19 $ | 2.11 $ | +77.3 % |
| Rice (white), (1 lb) | 1.02 $ | 0.95 $ | -7.2 % |
| Eggs (regular) (12) | 2.32 $ | 2.48 $ | +7.0 % |
| Local Cheese (1 lb) | 4.31 $ | 4.71 $ | +9.2 % |
| Chicken Fillets (1 lb) | 2.50 $ | 3.27 $ | +30.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 2.78 $ | 3.75 $ | +35.0 % |
| Apples (1 lb) | 2.89 $ | 1.46 $ | -49.5 % |
| Banana (1 lb) | 0.53 $ | 0.60 $ | +13.6 % |
| Oranges (1 lb) | 0.64 $ | 1.26 $ | +97.4 % |
| Tomato (1 lb) | 1.31 $ | 1.33 $ | +1.7 % |
| Potato (1 lb) | 1.11 $ | 0.95 $ | -14.9 % |
| Onion (1 lb) | 1.11 $ | 0.96 $ | -13.9 % |
| Lettuce (1 head) | 2.18 $ | 1.93 $ | -11.6 % |
| Water (1.5 liter bottle) | 1.15 $ | 1.51 $ | +32.0 % |
| Bottle of Wine (Mid-Range) | 14.89 $ | 9.00 $ | -39.6 % |
| Domestic Beer (0.5 liter bottle) | 2.03 $ | 1.15 $ | -43.5 % |
| Imported Beer (12 oz small bottle) | 2.72 $ | 1.88 $ | -30.9 % |
| Cigarettes 20 Pack (Marlboro) | 4.00 $ | 5.62 $ | +40.6 % |
Transportation | Belize Edit |
Panama Edit | |
| One-way Ticket (Local Transport) | 1.75 $ | 0.50 $ | -71.4 % |
| Monthly Pass (Regular Price) | 24.82 $ | 25.00 $ | +0.7 % |
| Taxi Start (Normal Tariff) | 3.72 $ | 2.00 $ | -46.2 % |
| Taxi 1 mile (Normal Tariff) | 5.59 $ | 2.82 $ | -49.6 % |
| Taxi 1hour Waiting (Normal Tariff) | 10.00 $ | 20.00 $ | +100.0 % |
| Gasoline (1 gallon) | 6.74 $ | 3.71 $ | -44.9 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 27,386.00 $ | 24,250.00 $ | -11.5 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 43,601.00 $ | 20,188.46 $ | -53.7 % |
Utilities (Monthly) | Belize Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 86.18 $ | 98.77 $ | +14.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 49.65 $ | 29.71 $ | -40.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 58.37 $ | 49.07 $ | -15.9 % |
Sports And Leisure | Belize Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 35.20 $ | 47.54 $ | +35.1 % |
| Tennis Court Rent (1 Hour on Weekend) | 3.31 $ | 31.50 $ | +850.2 % |
| Cinema, International Release, 1 Seat | 8.42 $ | 7.00 $ | -16.8 % |
Childcare | Belize Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 297.81 $ | 361.11 $ | +21.3 % |
| International Primary School, Yearly for 1 Child | ? | 8,240.60 $ | |
Clothing And Shoes | Belize Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 34.42 $ | 48.95 $ | +42.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 30.56 $ | 39.26 $ | +28.5 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 82.60 $ | 78.78 $ | -4.6 % |
| 1 Pair of Men Leather Business Shoes | 88.91 $ | 85.26 $ | -4.1 % |
Rent Per Month | Belize Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre | 406.77 $ | 795.57 $ | +95.6 % |
| Apartment (1 bedroom) Outside of Centre | 249.23 $ | 540.94 $ | +117.0 % |
| Apartment (3 bedrooms) in City Centre | 834.83 $ | 1,753.12 $ | +110.0 % |
| Apartment (3 bedrooms) Outside of Centre | 504.72 $ | 1,000.92 $ | +98.3 % |
Buy Apartment Price | Belize Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 96.79 $ | 217.23 $ | +124.4 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 116.00 $ | 130.06 $ | +12.1 % |
Salaries And Financing | Belize Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) | 1,037.99 $ | 792.59 $ | -23.6 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 12.50 | 6.20 | -50.4 % |
| Last update: | March 2024 | April 2024 | |
| Contributors in the past 12 months: | 24 | 117 |
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